As a consequence, the rental market is now red hot.

https://www.lecho.be/economie-politique/belgique/economie/les-taux-hypothecaires-franchissent-le-cap-des-4/10463537.html

16 comments

  1. It really looks like I dodged a bullet by buying a year ago at 1.5%, I would never have been able to get a loan with such rates…

  2. A lot of people that have been waiting for the housing market to ‘cool off’ probably haven’t done the math on even a 1% increase in mortgage rate. As a reference, for a €300k loan over 25 years:

    1% -> €1.130 per month

    2% -> €1.269 per month

    3% -> €1.416 per month

    4% -> €1.572 per month

    Personally I don’t think 4% is the peak yet but wtf do I know.

  3. Still historically very low rates.

    I’m more annoyed that boomers want exclusive, modern villa prices fo their rundown 60’s shithole that is out of compliance with every regulation known to man. And that real estate moguls will buy at those prices to just slap down a bunch op appartements. Leading to folks believing the current pricing is totally realistic

  4. What happened during the 2008 crisis ? Did the rate go up ? How long did it take before they went down again ? Can I’m I even expect to see lower rate in my lifetime?

  5. * > Mortgage rates keep rising
    * > Housing prices keep rising
    * > Regulation keeps getting stricter

    I can’t keep up. I save almost 75% of my wage and I’m barely, if at all, keeping up with the housing market.

  7. Cost of building material is at an all-time high. So whatever gers built is expensive and fewer new houses on the market. Mortgage rates are high, so loans are expensive.

  9. I was able to negotiatie a rate of 2,95% just two months ago, had to negotiate quite a bit though, first offers were 3,5%+

  10. Thanks a lot to the “free market” and the European Central Bank for making the banks richer and richer, at the costs of common people.

  11. Dont buy, rent. Let them simmer in their own juices.
    If you can afford a house, you will have something leftover every month if you rent instead. Invest that in an etf.

    At an increase of 7-10 percent per year an etf is currently just better and it isn’t prone to getting annihilation from disasters.

    If everyone does it, it isn’t profitable.

  13. Belgian 10Y OLO has been around 3% since October? Average 25Y mortgage in april was 3.32% according to Spaargids, and 3.27% for 20Y.

  15. Hey millenials and zoomers,

    why don’t you just save more money and buy the house with cash like we did 40 years ago? Maybe you all are too lazy and buy too much coffe to go.

    Regards

    Random Boomer

  16. And the rentals in Brussels region, in comparison to last year, have been skyrocketing as well. It’s almost pornographic ☹️
    Some of the flats, apartments are poorly maintained, common areas a disgrace, and regardless owners are requesting mini fortunes for a 3-year rental.

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